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basically all they have to get a license and pay taxes but living conditions in the region on good and many people are very poor. so we don't always make them do it. in winter they spend all day standing in the water even when it's up to minus forty degrees they don't do that because they have good lives. here in kurdistan is very on klondike people can say that the gold they gather is for personal use for example to make dentures from the precious metal a golden smile here is a symbol of prosperity and is considered the equivalent of a healthy bank deposit. well i don't feel any reverence for gold i mean they bring it to me and i make tea for them i take money for what i do it's just immaterial to me many choose golden teeth to make them more beautiful basically having gold in your mouth is very healthy it helps digestion. with the head of the gold panners family he first met a year ago. twenty grams then. much more modest when the youngest son killed took his life the best in the family had been lost when the started a gram of gold could be sold for a thousand. that's around twenty d
basically all they have to get a license and pay taxes but living conditions in the region on good and many people are very poor. so we don't always make them do it. in winter they spend all day standing in the water even when it's up to minus forty degrees they don't do that because they have good lives. here in kurdistan is very on klondike people can say that the gold they gather is for personal use for example to make dentures from the precious metal a golden smile here is a symbol of...
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1.0K
Nov 29, 2012
11/12
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COM
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but what i want to tell you is that ronald reagan agreed to tax reform that led to lower tax rates but also higher tax revenues from rich folks because it got rid of loopholes and deductions. >> stephen: you lower tax rates, revenues get higher. i already said that earlier. >> it's a complicated thing. >> stephen: it's not complicated lower/higher. >> you can get revenue gains from making it cleaner and fairer and more transparent and that's what republicans --. >> stephen: wait, simplifying the tax code, closing loopholes, is that not raising taxes? are those two things different? >> you have hit on a very tricky and important issue, stephen, which is that, yes, there's a way to raise average tax rates on high earners without raising the marginal tax rate on high earners. >> stephen: wow, i'm interested in what you just said and yet it's incrediblebly boring at the same time. (laughter) >> fair enough. i'm trying to say that you can industrial a 35% top rate and say wait a second, rich people are not able to take the same kind of deductions that take take under today's tax code. >> st
but what i want to tell you is that ronald reagan agreed to tax reform that led to lower tax rates but also higher tax revenues from rich folks because it got rid of loopholes and deductions. >> stephen: you lower tax rates, revenues get higher. i already said that earlier. >> it's a complicated thing. >> stephen: it's not complicated lower/higher. >> you can get revenue gains from making it cleaner and fairer and more transparent and that's what republicans --. >>...
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Nov 26, 2012
11/12
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CSPAN2
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eye 73
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he said people the realize how will the people self tax. one ceo of target in phoenix, arizona he has created a museum and has put around 200 million of his own money another friend gave 400 million to a health facility in nebraska, minnesota. bill gates paid 750 million i think to fight aids. we should get rid of touch it -- taxes as much as we can see you can descend have to spend your money rather than the government if you have a certain cause if you want to support it it would be nice if you have the choice for we're headed you'll be taxed in your money taken away it is a question. do believe the government should take your money and spend it for you? forty-one to spend it for you? he went on to say actually it is a surge to tax the productive billionaire guys because of everything they do for us. look at steve jobs, bill gates the government ought to pay them. why they collect money for what they have contributed? he also talks about the 47% and how dangerous they are. so that is a very familiar concept. in a way that this super rich
he said people the realize how will the people self tax. one ceo of target in phoenix, arizona he has created a museum and has put around 200 million of his own money another friend gave 400 million to a health facility in nebraska, minnesota. bill gates paid 750 million i think to fight aids. we should get rid of touch it -- taxes as much as we can see you can descend have to spend your money rather than the government if you have a certain cause if you want to support it it would be nice if...
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is higher than ninety you have a huge future tax on your growth and you have negative downside for years to come but if you were one of the finance ministers what would you suggest as the solution i will start negotiating who should take the losses here because we need to reduce greek debt to g.d.p. below ninety percent if we really wanted for greece to have a future vote on his own but also certainly in part of the euro zone in europe so you need someone to take the loss of course the consequence of losses will be that countries like germany finland then the netherlands will have to take these losses and have sold them into their fiscal deficit something which is politically impossible to facilitate certainly twenty thirteen is an election year in germany so whatever is the most rational whatever is the best solution for greece is and remains out of reach in terms of being a political solution. and let's not check out the equity markets on wall street equities or in the rad that's following s. and p's biggest weekly gain since june the main reasons for concerns of the so-called fiscal c
is higher than ninety you have a huge future tax on your growth and you have negative downside for years to come but if you were one of the finance ministers what would you suggest as the solution i will start negotiating who should take the losses here because we need to reduce greek debt to g.d.p. below ninety percent if we really wanted for greece to have a future vote on his own but also certainly in part of the euro zone in europe so you need someone to take the loss of course the...
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Nov 23, 2012
11/12
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FBC
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. >> it would not have the taxes. we have the money left over the park could be just as good. john: well, it certainly is true that the park is very commercial these days. but buying and selling going on. holiday gifts. very commercial. on the other hand, the public seems fine with that. >> its and look very nice. a different story. >> a lot of the things that they should be doing. you should -- john: some money. >> that's right. you will study. ifveryone would feel just as good. >> is a very public. nobody has viewed it as privatized, and the final answer to these arguments, every dollar that is earned by concessions and sponsorships and events goes right back into the park. all that money is earned in these ways. the way we provide private skating complex skating for free which we do is from those booze and a sponsorship from city which has been very generous. john: less talk about your next one combustion. boston, and was once a common breezy feel. so for the tragedy. it was overgrazed. now it's a part. managed by government for about four and years. badly managed, and this
. >> it would not have the taxes. we have the money left over the park could be just as good. john: well, it certainly is true that the park is very commercial these days. but buying and selling going on. holiday gifts. very commercial. on the other hand, the public seems fine with that. >> its and look very nice. a different story. >> a lot of the things that they should be doing. you should -- john: some money. >> that's right. you will study. ifveryone would feel just...
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Nov 25, 2012
11/12
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CSPAN2
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second, what is the appropriate maximum tax rate on in society. number three how would you narrative the differentials between the worker and the ceo. it was 30 times now today it is 500 times. it is incurred to some degree because china has brought down wages of the american factory workers i think ceo is the issue of governance. if you could give your opinions. >> the 1% cause the 99% status? >> the difficulties of the 99% are a result of a whole host of different things we have talked about. right now the major problem is unemployment, education unemployment, education, a host of financial sector deregulation and lolling predatory lending. you can say a lot is a result to support not by the 1% by the way the influence of money of the political process. it is a result of that. not all of it. but the issue of ceo pay relative to the ordinary workers, a lot of that has to do with corporate governance. if we had stronger was i think that would be curbed. >> is a different ratio here then another country. >> and safeguard just as efficient. >> also
second, what is the appropriate maximum tax rate on in society. number three how would you narrative the differentials between the worker and the ceo. it was 30 times now today it is 500 times. it is incurred to some degree because china has brought down wages of the american factory workers i think ceo is the issue of governance. if you could give your opinions. >> the 1% cause the 99% status? >> the difficulties of the 99% are a result of a whole host of different things we have...
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123
Nov 24, 2012
11/12
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CSPAN2
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eye 123
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i interviewed him in february and asked about taxes, do you think rich people should pay more taxes? he said people don't realize how well the people self tax. there's a fellow who is ceo of target. recreated a museum of music. he put in $200 million of his own money. i have another friend to give $400 million to a facility in south dakota or someplace like that. look at bill gates to gave $750 million to fight aids. we should get rid of taxes as much as we can because you get to decide how you spend your money rather than the government. if you have a certain cause, an art museum and want to support it it would be nice to have the choice to support it. where we are headed you will be taxed, your money taken away and the government will support it. it is a question. do you believe the government should be taking your money and spending it for you or do you want to spend it for you. you went on to say actually, it is absurd to tax the reproductive billionaire guys because of everything they do for us. if you look at what steve jobs has done for us, what bill gates has done for society
i interviewed him in february and asked about taxes, do you think rich people should pay more taxes? he said people don't realize how well the people self tax. there's a fellow who is ceo of target. recreated a museum of music. he put in $200 million of his own money. i have another friend to give $400 million to a facility in south dakota or someplace like that. look at bill gates to gave $750 million to fight aids. we should get rid of taxes as much as we can because you get to decide how you...
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Nov 27, 2012
11/12
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KQED
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barring action by congress, americans will be forced through a series of automatic tax increases and spending cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets are looking in america and wondering whether politicians will be able to avoid this fiscal cliff. are things headed that way? but i think eventually they will. the good news -- >> i think eventually they will. the good news is that it is more like a fiscal beach. it is not like the debt ceiling. it is not a sudden that situation. there is a bit more flexibility. but one of the issues emerging is what the attitude of richer americans will be and whether they will accept the need to pay higher taxes. you probably read, as i did today, a very interesting op-ed by warren buffett, who points out that early in his career in the 1950's and 1960's when he was making a lot of money, the tax rate was many time
barring action by congress, americans will be forced through a series of automatic tax increases and spending cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets are looking in america and wondering whether politicians will be able to avoid this fiscal cliff. are things...
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Nov 22, 2012
11/12
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CNBC
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care tax. and you're talking about dividends going 15 to about 44. now maybe they will fix that dividend thing. but there is no question that the incentives will roll back by 10 or 15% on those two investment tax rates. no question. >> but if the dividends are fixed, did you say 25% on capital gains, i think the market will learn it live with that. if we can rework the dividend part, the market may think that is positive and think that's a risk -- >> so you might have a shock initially. but then the market will absorb the new tax rates, is that what you are saying? >> that's what i believe, certainly. then you get back into things like apple. if they raise capital gains and dividends and raise dividends up to 40% like on ordinary income, then i see this sluggish recovery, the market will interpret as that, then you run into things like coca-cola, proctor and gamble, things reviewed as safe havens, because we won't have a very good economy. >> if we don't get it done by year-end, good over the c
care tax. and you're talking about dividends going 15 to about 44. now maybe they will fix that dividend thing. but there is no question that the incentives will roll back by 10 or 15% on those two investment tax rates. no question. >> but if the dividends are fixed, did you say 25% on capital gains, i think the market will learn it live with that. if we can rework the dividend part, the market may think that is positive and think that's a risk -- >> so you might have a shock...
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Nov 25, 2012
11/12
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CSPAN2
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i don't get that tax break, you don't get the tax break. there we are. >> just to clarify, this question of carried interest, when a fund, private equity heavenly fund, earns money from their customers, they earn a fee. that is their income. they're allowed to defer that. you can keep it invested in your business, and at the end, on any gain you capital gains, and now they transferred the income into capital gainses, chit is not. at it legalized fraud. [applause] >> confessions of a former hedge fund manager. health care. the phrase you used was how we manage our market. i remember one of the most profound papers i raid on why health care should be different. why doesn't free market work for health care? what other designs do we have to take care of that? >> what -- we have this wonderful idealized version of a market, that -- in all of our textbooks, and which -- in which a market is an efficient way to organize activity. and not necessarily fair, which is a different question, but at least it's efficient. and yet such things that -- a bun
i don't get that tax break, you don't get the tax break. there we are. >> just to clarify, this question of carried interest, when a fund, private equity heavenly fund, earns money from their customers, they earn a fee. that is their income. they're allowed to defer that. you can keep it invested in your business, and at the end, on any gain you capital gains, and now they transferred the income into capital gainses, chit is not. at it legalized fraud. [applause] >> confessions of a...
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Nov 26, 2012
11/12
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FBC
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the cuts, the tax hikes? >> usually i wake up about 3:00 in the morning and i wonder where are we going to balance the budget, first off with the economy as it is right now, it is just slowly increasing. we have a pension crisis just like every other state just about has a pension crisis. liz: you have had success. i want our viewers to know you have balanced -- balanced two previous budgets if not more, you have closed deficit holes of more than 4 billion dollars. you have had success. >> we went from a 4.2 billion dollars deficit to two one time budgets with no tax increases. but we have pensions that are eating up a good portion of the budget that we're going to have to address. if all of a sudden this federal money that has been coming to the state and going down to the local communities is cut off, we're going to have to sit back and say what services can we provide and what services are going to disappear? but what concerns me more is the unemployment that it's going to create. i think the cbo has said
the cuts, the tax hikes? >> usually i wake up about 3:00 in the morning and i wonder where are we going to balance the budget, first off with the economy as it is right now, it is just slowly increasing. we have a pension crisis just like every other state just about has a pension crisis. liz: you have had success. i want our viewers to know you have balanced -- balanced two previous budgets if not more, you have closed deficit holes of more than 4 billion dollars. you have had success....
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Nov 26, 2012
11/12
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CSPAN
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eye 81
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it is all tax money. it is not suspicious. the textbook folks are getting a little closer to the classroom there. a little more suspicious. that part of the sector is dominated by for-profit players, whether the old line textbook providers are those transitioning into the new digital age and thinking more a online adapted products. it is much lower heat from the conversation. the closer you get to the classroom, how about school operators that contract with the local school district? a for-profit company running one are two schools or a network of schools and having a goal at the end of the year to have money left over to reinvest in the business to make a better and to return over some time to return to shareholders. even at harvard business school, a very small percentage of this was ok. it seemed the paradigm was what kind of activities to be the same the public sector has a legitimate right to provide. therefore it seems an encroachment from the private sector trying to somehow capture rents that are somehow more appropria
it is all tax money. it is not suspicious. the textbook folks are getting a little closer to the classroom there. a little more suspicious. that part of the sector is dominated by for-profit players, whether the old line textbook providers are those transitioning into the new digital age and thinking more a online adapted products. it is much lower heat from the conversation. the closer you get to the classroom, how about school operators that contract with the local school district? a...
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188
Nov 27, 2012
11/12
by
CNBC
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eye 188
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the first is taxes. the winner could choose between a lump sum of $327 million or the annual payments. they should take the lump sum and pay the $114 million in taxes before december 31st f they wait until january 1st and we go off the cliff, those taxes go up to $130 million, you save $16 million paying now the winner should make a gift, 'tis the season, cities also the tax regime. couples can now give up to $10 million tax free, next year, that money changed to only $1 m the tax rate on that goes up. should do it now most important advice, cool off. sudden wealth can ruin your life, expose to you all kinds of scams and lead to overindulgence. people say you should put the check in the bank and ignore it for three to six moment. use that time to get your financial bearings and create a real plan. the plan is critical. you should start by hiring a financial adviser, figure out your spending goals, $327 million sounds like a lot but you buy a yacht and a g 550 plane, pretty soon you are done. one of an in
the first is taxes. the winner could choose between a lump sum of $327 million or the annual payments. they should take the lump sum and pay the $114 million in taxes before december 31st f they wait until january 1st and we go off the cliff, those taxes go up to $130 million, you save $16 million paying now the winner should make a gift, 'tis the season, cities also the tax regime. couples can now give up to $10 million tax free, next year, that money changed to only $1 m the tax rate on that...
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Nov 27, 2012
11/12
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CSPAN
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eye 86
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by letting it expire and than any tax change to reduce taxes will be a tax cut, we will be glad to sign it. all of the super rich people who are now going to face the state tax on anything over $1 billion will be screening of their shoulders, the thing it. and rear not point to have $200 billion less in spending if after january 1 we sign a new tax bill. the fact that obama is administration is to make it sound like he is averting a catastrophe over the post 2013 -- it is an insult to people who know what is going on. host: if you think that -- do you think the president is not holding from one democratic beliefs? calving i really do not know. i just found out that ed rendell is supposedly a little type of democrat. he is one -- on one of these teams trying to figure out entitlements. this is a simple equation. we have about $800 billion more than necessary in spending. we have $800 billion more in spending that goes into the pockets of those who run unnecessary tests, insurance companies and pharmaceutical companies. and if we relocate the like most of the rational world by civil natio
by letting it expire and than any tax change to reduce taxes will be a tax cut, we will be glad to sign it. all of the super rich people who are now going to face the state tax on anything over $1 billion will be screening of their shoulders, the thing it. and rear not point to have $200 billion less in spending if after january 1 we sign a new tax bill. the fact that obama is administration is to make it sound like he is averting a catastrophe over the post 2013 -- it is an insult to people...
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wealthy it has an economy the size of portugal's but in terms of the number in terms of the size of taxes they pay it's much more to central government than they actually get back from madrid in terms of investments in schools and hospitals so they're annoyed about that and particularly when you consider that unemployment here is around twenty five percent so if a referendum does happen i suppose you could say that you would expect people to vote in favor of it although i say that those people who are against separatism do point out that if catalonia does withdraw from spain it could also mean it has to drop out of the european union and not many people in catalonia would be in favor of that if that turns out to be the case and maybe they would prefer the status quo so there are a lot of ifs and buts but what we do know as a result of today's election there is a growing sentiment of nationalism and a sense for independence here in catalonia. that's been his prime minister mariano or a whore you want that to learn you could be expelled from the if it gains team approach independence activi
wealthy it has an economy the size of portugal's but in terms of the number in terms of the size of taxes they pay it's much more to central government than they actually get back from madrid in terms of investments in schools and hospitals so they're annoyed about that and particularly when you consider that unemployment here is around twenty five percent so if a referendum does happen i suppose you could say that you would expect people to vote in favor of it although i say that those people...
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98
Nov 29, 2012
11/12
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CSPAN2
tv
eye 98
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tax and spend, not taxes to reduce deficits. taxes to fund new spending. that's why the budget, it puts us on track to have $25 trillion in total debt at the end of ten years, another almost $10 trillion in debt headed to the current debt level. so insofar as i can see, that tax-and-spend policy remains his goal today. the white house isn't planning to raise taxes to reduce the deficit, raise taxes under their plan to expand government. and that's not -- i don't believe congress will accept such a deal if that's what's going on in the secret negotiations. president obama campaigned on tax increases just on the wealthy, just on raising their rates, just only $800 billion in tax increases. but now the white house is demanding $1.6 trillion in tax increases. don't the american people have a right to see where those taxes fall, who this will impact and how much they are? shouldn't the president lay out his plan? the president of the united states, the only person who represents everybody in the country, will that remain a secret? will it just be revealed to us
tax and spend, not taxes to reduce deficits. taxes to fund new spending. that's why the budget, it puts us on track to have $25 trillion in total debt at the end of ten years, another almost $10 trillion in debt headed to the current debt level. so insofar as i can see, that tax-and-spend policy remains his goal today. the white house isn't planning to raise taxes to reduce the deficit, raise taxes under their plan to expand government. and that's not -- i don't believe congress will accept...
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78
Nov 28, 2012
11/12
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CSPAN
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eye 78
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is it a robin hood tax? the idea that tax and lower rate is because it is more free- flowing than people. you tax people for ordinary and come. if you get people to not want to do something or do something differently, move somewhere else because of a tax rate, it's a lot harder to make that decision. capital flows easier them people. that is why the debate is still going on. whether or not it will be beneficial, it remains to be seen. host: fort myers, fla., republican mike, you are on with doom and it to -- dominic chu from bloomberg. comments are a little less than one hour. [speaking in french] that is it for my french. thank you very much for joining us. it is an honor to haveou. let me explain how this will work. we have been here since o'clock this morning. we have had a packed day. this might be the highlight. here is what we will do -- i have a few questions i would like to ask the prime minister. we appreciate you doing this format. i think this is more fun. >> i appreciate you having us here. >> i
is it a robin hood tax? the idea that tax and lower rate is because it is more free- flowing than people. you tax people for ordinary and come. if you get people to not want to do something or do something differently, move somewhere else because of a tax rate, it's a lot harder to make that decision. capital flows easier them people. that is why the debate is still going on. whether or not it will be beneficial, it remains to be seen. host: fort myers, fla., republican mike, you are on with...
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409
Nov 21, 2012
11/12
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CNBC
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eye 409
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we still have no clarity in terms of where tax rates will be on dividends, where tax rates will be on capital gains. >> i think there is some clarity around the world in terms of things not going well. we think about europe. clearly there's clarity about the negative things going on in europe. in japan, there's clarity on the negative things. japan just announced their first current account deficit in like 16, 17, 18 years. i think it's important for investors to remember that things, am though we're uncertain here, the fundamental backdrop is reasonably good. washington can ruin that, but unlike what you're seeing around the world, the fundamental backup is reasonably good here. >> the problem i have with this, richard, is 2% growth gdp in the united states may be -- and i'm talking 2013. maybe 8% in china. flat, if we're lucky, this europe. i think if the u.s. doesn't show some leadership here, that could make a huge difference. some leadership on the fiscal cliff means we could do maybe 3% gdp in 2013 and if you go the other way, if you just abdicate completely, we could go to 0% g
we still have no clarity in terms of where tax rates will be on dividends, where tax rates will be on capital gains. >> i think there is some clarity around the world in terms of things not going well. we think about europe. clearly there's clarity about the negative things going on in europe. in japan, there's clarity on the negative things. japan just announced their first current account deficit in like 16, 17, 18 years. i think it's important for investors to remember that things, am...
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159
Nov 26, 2012
11/12
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CSPAN
tv
eye 159
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it is all tax money. it is not suspicious. the textbook folks are getting a little closer to the classroom there. a little more suspicious. that part of the sector is dominated by for-profit players, whether the old line textbook providers are those transitioning into the new digital age and thinking more a online adapted products. it is much lower heat from the conversation. the closer you get to the classroom, how about school operators that contract with the local school district? a for-profit company running one are two schools or a network of schools and having a goal at the end of the year to have money left over to reinvest in the business to make a better and to return over some time to return to shareholders. even at harvard business school, a very small percentage of this was ok. it seemed the paradigm was what kind of activities to be the same the public sector has a legitimate right to provide. therefore it seems an encroachment from the private sector trying to somehow capture rents that are somehow more appropria
it is all tax money. it is not suspicious. the textbook folks are getting a little closer to the classroom there. a little more suspicious. that part of the sector is dominated by for-profit players, whether the old line textbook providers are those transitioning into the new digital age and thinking more a online adapted products. it is much lower heat from the conversation. the closer you get to the classroom, how about school operators that contract with the local school district? a...
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by your tax dollars an industry very much in need by the u.s. military. forty cents out of every dollar congress controls now goes to contractors. there's more than twenty thousand private military on the ground with the second largest armed force in iraq or private security the out scaled routes.
by your tax dollars an industry very much in need by the u.s. military. forty cents out of every dollar congress controls now goes to contractors. there's more than twenty thousand private military on the ground with the second largest armed force in iraq or private security the out scaled routes.
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Nov 22, 2012
11/12
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CNNW
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. >> but, of course, pay canadian taxes. >> absolutely. >> under a president bloomberg administration, what would immigration look like in the u.s. >> well, there's not going to be a president bloomberg administration. but the ways you create jobs for americans is to bring in entrepreneurial immigrants who have skills and those who come here for education and have skills and make sure they stay. >> mayor bloomberg has created a rare bipartisan coalition to fix immigration called the partnership for a new american economy. an impressive list of public officials and business leaders, including jeff bewkes, the ceo of cnn's parent company, time warner, and even news corp.'s rupert murdoch, a naturalized american citizen himself. how would you fix the visa system? >> well, first thing is you attach a green card to the diploma for any graduate student that gets a masters or a ph.d. in any of the s.t.e.m. areas, science and technology. if somebody is willing to start a business and can get financing, you certainly want to give them a visa because they will go and start businesses for americ
. >> but, of course, pay canadian taxes. >> absolutely. >> under a president bloomberg administration, what would immigration look like in the u.s. >> well, there's not going to be a president bloomberg administration. but the ways you create jobs for americans is to bring in entrepreneurial immigrants who have skills and those who come here for education and have skills and make sure they stay. >> mayor bloomberg has created a rare bipartisan coalition to fix...
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Nov 22, 2012
11/12
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FOXNEWSW
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folks are saddled with debt and unemployment, obama wishes to expand the government reach, raising taxes on those laboring under the old dream. how can anyone believe in a dream when the leaders don't? they look stagnant earth and say that is better. america may enter a nationally recurring nightmare, i don't mean the one where dana and jasper show up as hous guests. you hate the american dream so you are happy about this. >> dana: i haven't lived it at all. 60% of recent college grads can't find a job in what they studied, in the profession they chose. one of five bachelor degree holders are unemployed and 40% live at home. you can understand why they are upset about the future. i bet the poll is correct. >> greg: it's clear you don't care. is the american dream dead and should obama be impeached? >> kimberly: i saw that on the street corner today. >> bob: kimberly is eating. you ate it all. >> kimberly: i'm hiding it from you. >> greg: so you agree with me president obama should be -- >> bob: i do not. everyone at the table went to liberal arts college, right? is anybody here except fo
folks are saddled with debt and unemployment, obama wishes to expand the government reach, raising taxes on those laboring under the old dream. how can anyone believe in a dream when the leaders don't? they look stagnant earth and say that is better. america may enter a nationally recurring nightmare, i don't mean the one where dana and jasper show up as hous guests. you hate the american dream so you are happy about this. >> dana: i haven't lived it at all. 60% of recent college grads...
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Nov 27, 2012
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we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> right after the senate majority leader harry reid spoke, republican leaders held their own briefing and ways to find a deal and criticized leader reid's plan. this is 15 minutes. >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense and opportunity here at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem than right now. so i would hope
we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> right after the senate majority leader harry reid spoke, republican leaders held their own briefing and ways to find a deal and criticized leader reid's plan. this is 15 minutes. >> good afternoon, everyone. as we head...
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Nov 22, 2012
11/12
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and i think it's still very likely they're going to end up compromising on the tax rate. the president opened the door. his opening position he wanted the top rate to go to 39.6%. he's signaling and the white house signaled they can take 37%, but with additional reductions in deductions so overall tax payment by wealthy americans would continue to go up. but these are just opening positions. the tea party's going to be a force. they're not going to be the ultimate decider the big fear to both of you, if there's no deal the markets are going to tank. listen to ben bernanke's assessment. >> indeed by the reckoning of the congressional budget office the cbo and outside observers, fiscal shock of that size would sent the economy toppling back into recession. >> and it wouldn't keep saying the deal's going to get done. if not, there are real repercussions, steve. >> absolutely. but, alex, what we're looking at now, as we head into next week, the general framework for the talk for the next four weeks is kind of a two-track system. one is let's do some agreement to avoid the fis
and i think it's still very likely they're going to end up compromising on the tax rate. the president opened the door. his opening position he wanted the top rate to go to 39.6%. he's signaling and the white house signaled they can take 37%, but with additional reductions in deductions so overall tax payment by wealthy americans would continue to go up. but these are just opening positions. the tea party's going to be a force. they're not going to be the ultimate decider the big fear to both...
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know the banks when they discharge these that they charge them off their accounts and they take a big tax break which is another kind of bail out and then there are allowed to sell the debts on this very shadowy debt market most debtors are not on aware of that and one of the great successes of the campaign really is that it's a public education campaign more and more people are beginning to realize how the system works in frankly very predatory ways as a result of our campaign so dead in many cases is. upon individuals or mortgage holders or entire countries using very dubious sales tactics or just outright debt cran downs we see this in many countries and then in the cases where debts cannot be paid the collection of those debts is passed off to a debt collection agency as you point out for pennies on the dollar the debt collection agency by just those debts as a counter saying of all. in the hope that they can get enough people to pay off their debt get a miser cost of buying those debts and we have a situation where debt is the currency of financial repression financial zero pression
know the banks when they discharge these that they charge them off their accounts and they take a big tax break which is another kind of bail out and then there are allowed to sell the debts on this very shadowy debt market most debtors are not on aware of that and one of the great successes of the campaign really is that it's a public education campaign more and more people are beginning to realize how the system works in frankly very predatory ways as a result of our campaign so dead in many...
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Nov 25, 2012
11/12
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today two more republicans who previously refused to consider tax hikes are
today two more republicans who previously refused to consider tax hikes are
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Nov 26, 2012
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minimum tax. is there a reason or desire in the white house to have a more permanent pass on that? >> one of the problems that we face with our tax policy is lack of certainty. the alternative minimum tax in particular has extra inflation that causes an ad hoc adjustments every year and creates uncertainty. i do not want to go beyond that. that is not something that we listed in the report. >> i would like to bring in today, cyber-monday, and black friday into the equation. how would retail sales from today and friday helped retail sales going into the economy? how does it affect this economy and the economic situation right now? what will the effect be if we did not have middle-class tax cuts any more? could you give us today and next year possibilities? >> retail spending is extremely important for the economy. as you mentioned, consumption accounts for 70% of our gross domestic product. to put the figure in context, if no class tax cuts are not extended and spending falls next year, that is fou
minimum tax. is there a reason or desire in the white house to have a more permanent pass on that? >> one of the problems that we face with our tax policy is lack of certainty. the alternative minimum tax in particular has extra inflation that causes an ad hoc adjustments every year and creates uncertainty. i do not want to go beyond that. that is not something that we listed in the report. >> i would like to bring in today, cyber-monday, and black friday into the equation. how...
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Nov 27, 2012
11/12
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that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending than we might like. the problem with the u.s. is it gets into that ideological dispute over whether the way to do that should be by cutting spending and raising taxes. so there is an actual sort of fundamental disagreement that underpins this sense of knee jerk -- >> why have we had to do this? we've had to borrow money and cut people 00 taxes and spend more on social services because the underlying private sector economy completely ran out of steam. it ran out of steam because it needs the banking system to feed off. it needs access to trade credit, to business finance, et cetera. and so when the banking system suddenly said we've got another imperative for us the next few year, we'll have to rebuild our balance sheets, the private sector is temply cut off and drifts. so the public sector has to step in. so what we're really discussing is the private sect
that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending than we might like. the problem with the u.s. is it gets into that ideological dispute over whether the way to do that should be by cutting spending and raising taxes. so there is an actual sort of fundamental disagreement that underpins this sense of knee...
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Nov 21, 2012
11/12
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CURRENT
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. >> a gusher of campaign tax. >> this has been the most expensive election of all times. >> we're here on the campus of ucla law school where they argue constitution. today they're discussing money out, voters in. >> and jayar jackson will love this. tweet us on @tytoncurrent if you can guess who it is. before the cold & flu season help prevent with lysol. because when you have 10 times more protection with each hand wash... and kill 99.9% of germs around the house with each spray... those healthy habits start to add up. this season, a good offense is the best defense and lysol has your family covered because that's our mission for health. >> it's no secret to regular viewers of this show that cenk has long been passionate, unbelievably passionate about campaign finance reform. this past weekend at ucla law school, he was invited to participate in a conference called money out voters in. let's take a look at how that worked out. >> cenk: we're here on the campus of ucla law school. where they debate constitutional issues. today they're doing a convention on money out voters in. the iss
. >> a gusher of campaign tax. >> this has been the most expensive election of all times. >> we're here on the campus of ucla law school where they argue constitution. today they're discussing money out, voters in. >> and jayar jackson will love this. tweet us on @tytoncurrent if you can guess who it is. before the cold & flu season help prevent with lysol. because when you have 10 times more protection with each hand wash... and kill 99.9% of germs around the house...
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Nov 23, 2012
11/12
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quote strongest defender freedom when it denied the basic rights of survival to native americans for tax malcolm declared quote the right of exterminating or trying to -- where they must starve even the inhabitants of thinly peopled regions would be questioned and immoral the. all of us have good reason to be alarmed at the u.s. population rate since the nation's number have been increasing at such an remarkable pace. with no european rival to contend with, nothing stood in the way at the doubling of u.s. lands in every doubling of the u.s. population except for thousands of indians who continued to live on their native ground. the united states thus provided a perfect object lesson for claims that x. is population fueled territorial aggression. in what i need your any euro american size of virtuous cycle that many native americans and their british allies sophomores a vicious circle, the continent's wide-open grounds supported demographic expansion even as the increasing u.s. population in a bold seizure and settlement of these lands. the resulting dif urchins in british versus american
quote strongest defender freedom when it denied the basic rights of survival to native americans for tax malcolm declared quote the right of exterminating or trying to -- where they must starve even the inhabitants of thinly peopled regions would be questioned and immoral the. all of us have good reason to be alarmed at the u.s. population rate since the nation's number have been increasing at such an remarkable pace. with no european rival to contend with, nothing stood in the way at the...
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Nov 21, 2012
11/12
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. >> a gusher of a campaign taxes. >> this has been the most expensive election of all time. >> we're here on the campus of ucla law school where they debate constitutional issues. today they're doing a convention on money out and voters in. >> and we have our elbow of the day later. jr jackson is going to love this. tweet us at tyt on current if you can guess who it is. zisko>>>el granada is a special place to learn because we have a dedicated community and a dedicated staff. and when kids come on campus everyday, they're enthusiasm for learning shines. we receive federal funding because a majority of our students are socially disadvantaged. making sure our students receive healthy nutritious lunches and breakfasts is critical to their learning. i would like to see students take more ownership of what they eat everyday and learn about their bodies and how their food nourishes them. sandra jonaidi>>> i hope that we get them early enough that they've learn some good eating habits and they go forward and become very productive humans and grow up to make us all proud of them. narrator>>
. >> a gusher of a campaign taxes. >> this has been the most expensive election of all time. >> we're here on the campus of ucla law school where they debate constitutional issues. today they're doing a convention on money out and voters in. >> and we have our elbow of the day later. jr jackson is going to love this. tweet us at tyt on current if you can guess who it is. zisko>>>el granada is a special place to learn because we have a dedicated community and a...
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Nov 29, 2012
11/12
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well, we know that the bush tax cuts are expiring. they'll expire for everyone, not just the top 2%. this is not something we want the american middle class to get hit with a tax increase at this time, but we do believe the wealthiest among us should pay more. and we think that the top 2% should pay a higher tax rate on the money they make after $250,000 a year. we also believe that there's more that can be done, closing loopholes. people say, let's talk about that. . we see the bush era tax cuts expiring for everybody. we see the production tax credit expiring which is something important for work in the wind industry and the area of industry that promotes environmental matters. we also see the expiration of things like the estate tax, the s.g.r., which is the doctors fix for medicare. and we also see the sequestration which is the outcome, time outcome of the budget control act that we passed in august, 2011, which is now coming due, and there will be equal defense and discretionary spending cuts on both sides which will be -- which
well, we know that the bush tax cuts are expiring. they'll expire for everyone, not just the top 2%. this is not something we want the american middle class to get hit with a tax increase at this time, but we do believe the wealthiest among us should pay more. and we think that the top 2% should pay a higher tax rate on the money they make after $250,000 a year. we also believe that there's more that can be done, closing loopholes. people say, let's talk about that. . we see the bush era tax...
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Nov 27, 2012
11/12
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you probably know this, it bears repeating here, you're opposed to raising any taxes, anyone's taxes, even some in his party are flirting with compromise on that issue. senator paul, welcome. thank you for joining me. >> good to be with you. >> you know, we did just get an update from the white house on the fiscal cliff negotiations. just take a listen to this, if you would. >> the president spoke with the speaker of the house as well as the senate majority leader over the weekend. he will continue to have discussions with those two leaders as well as leader pelosi and senator mcconnell in the days and weeks coming forward. i don't have a schedule for those conversations to provide to you, but he will speak with them and meet with them as appropriate. >> senator, all this talking, will you tell us, tell americans if you're in the loop, if you are privy, tell us who is talking to who in these fiscal cliff negotiations and where are the talks happening? >> you know, i'm not included in those talks. i've been talking with the folks in my state in kentucky, though, and they're not interes
you probably know this, it bears repeating here, you're opposed to raising any taxes, anyone's taxes, even some in his party are flirting with compromise on that issue. senator paul, welcome. thank you for joining me. >> good to be with you. >> you know, we did just get an update from the white house on the fiscal cliff negotiations. just take a listen to this, if you would. >> the president spoke with the speaker of the house as well as the senate majority leader over the...
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Nov 28, 2012
11/12
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tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican, is to get the american economy going. to put it back in gear. and there are many reasons beyond just employment and the opportunities that family have -- families have to make it. one of the critical elements in all of this is to protect americans. we recently saw superstorm san joaquin smash into -- sandy smash into new jersey and new york with devastating results. loss of life, incredible loss of property, both public and private, and a very, very big cleanup bill. joining me in a little while will be some of our representatives from the state of new york. and
tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican, is to get the american economy going. to put...
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Nov 28, 2012
11/12
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just tax the rich more. three big unions have taken out big ad campaign saying no cuts to entitlements, don't reform them. just tax the rich more. it's a campaign all over again. and at this moment, the democrats and the president have not given one inch, to my knowledge, on any entitlement reform or entitlement cuts. >> brian: he's going to go to tinker toys, to some odd manufacturing plants. the only thing i could picture him saying is it's time to lift the bush tax rates from the rich and make them pay more. what else could he possibly be talking about? >> he's sticking it to house republicans. i won the election. i campaigned on higher tax rates for the rich. that's what we're going to do. whether he mentions entitlement reform or not, i don't know. but there is no plan on the table at the the moment for the other side of the debate, which is how it affects the spending problem. >> brian: he's also going to talk about how the going over the cliff will affect middle class families and how he's trying to a
just tax the rich more. three big unions have taken out big ad campaign saying no cuts to entitlements, don't reform them. just tax the rich more. it's a campaign all over again. and at this moment, the democrats and the president have not given one inch, to my knowledge, on any entitlement reform or entitlement cuts. >> brian: he's going to go to tinker toys, to some odd manufacturing plants. the only thing i could picture him saying is it's time to lift the bush tax rates from the rich...
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Nov 25, 2012
11/12
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apart from brazil and argentina, taxes are low across the region. how do you increase them. as we all know in the united states, entitlements once given are hard to take back. it's hard to read about those who climb out of poverty. but latin america faces challenge to sustain these gains, otherwise we could look back on this period as a peak from which it fell. >>> up next we tend to think of international politics as a complicated science. my next guest says it's actually quite simple and it pertains to a subject we've all been taught about in school. i'll explain. ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ [ nyquil bottle ] just reading your label. wait...you relieve nasal congestion? sure don't you? [ nyquil bottle ] dude! [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. anyo
apart from brazil and argentina, taxes are low across the region. how do you increase them. as we all know in the united states, entitlements once given are hard to take back. it's hard to read about those who climb out of poverty. but latin america faces challenge to sustain these gains, otherwise we could look back on this period as a peak from which it fell. >>> up next we tend to think of international politics as a complicated science. my next guest says it's actually quite simple...
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Nov 26, 2012
11/12
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3.8% tax. this is going to happen regardless whatever comes out with the fiscal cliff. the "wall street journal" on saturday, the personal finance section did a great job explaining that. here it is, 3.8% tax, joint files of under $250,000. it's going to apply to dividends, x-munis. for now, munis not included. net capital gains, rents, royalties, and some investment annuities. what it is -- basically if a couple has adjusted gross income of $250,000, but they have $2,000 of interest, $4,000 of dividends and $1,000 in net capital gains would not apply. $240,000 -- but if you had capital gains, net capital gains of 10,000, you're in that threshold of 250, it's going to kick in and that 3.8% on that net, the net difference being $6,000 above 250 is 3.8%. $228. the point here is this is a number that everyone can at least try to think about and figure out where it is. this is happening no matter what happens with rise above. these are numbers you should start thinking about and planning right now
3.8% tax. this is going to happen regardless whatever comes out with the fiscal cliff. the "wall street journal" on saturday, the personal finance section did a great job explaining that. here it is, 3.8% tax, joint files of under $250,000. it's going to apply to dividends, x-munis. for now, munis not included. net capital gains, rents, royalties, and some investment annuities. what it is -- basically if a couple has adjusted gross income of $250,000, but they have $2,000 of interest,...
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Nov 29, 2012
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no tax increases at all. continue the tax break but the wealthiest 2% will have to help us deal with the deficit. >> as always, senator, you make your case very passionately. i want to play you a bit of sound from the white house senior adviser david plouffe in talking about how to resolve the fiscal cliff crisis. listen to this. >> we also need to engage in entitlement reform. medicare, medicaid carefully. these are cheap drivers of our deficit. we made progress with obama care. there's more we need to do. >> we need to engage and the white house is acknowledging this. do you not go along with the president? >> yes, sometimes i disagree with the president. >> yes, that is true. >> but if we are talking about making medicare more efficient, lowering the cost of prescription drugs to medicare, that's a reform along with their other reforms. >> how about this reform, raising the eligibility for medicare from 65 to 67 over several years? >> no. >> why not? >> why not? because there are working people out there w
no tax increases at all. continue the tax break but the wealthiest 2% will have to help us deal with the deficit. >> as always, senator, you make your case very passionately. i want to play you a bit of sound from the white house senior adviser david plouffe in talking about how to resolve the fiscal cliff crisis. listen to this. >> we also need to engage in entitlement reform. medicare, medicaid carefully. these are cheap drivers of our deficit. we made progress with obama care....
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Nov 27, 2012
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i'm the anti-tax guy, and 98% of the people in the republican caucus are the anti-tax guy. we think americans are taxed too much. and if you want us to vote to raise to increase taxes, then you're going to have to come with a lot of spending cuts. thatst the b 's the basis of his power. >> there will be tax increases and a lot of republicans will vote for them. you can call them revenue changes. last year before the election, john boehner was on the record in negotiations with the president saying we'll increase revenue by 800. all that means is you're raising taxes. >> they're not going to do that without a lot of cuts, are they? >> no, no, they're going to probably get cuts, the size of sequestration, which is $1.2 trillion, which is exactly the size of the tax increase that the president's going to demand. >> that's where grover's not unique. you've got people protecting medicare, other entitlements, max baucus saying you can't touch the estate tax. and at the end of the day, do you have a deal here? >> just to underline this, willie, grover is not the nra, doesn't have
i'm the anti-tax guy, and 98% of the people in the republican caucus are the anti-tax guy. we think americans are taxed too much. and if you want us to vote to raise to increase taxes, then you're going to have to come with a lot of spending cuts. thatst the b 's the basis of his power. >> there will be tax increases and a lot of republicans will vote for them. you can call them revenue changes. last year before the election, john boehner was on the record in negotiations with the...